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|||Page|
|---|---|---|
|Notice ofmeeting|||
|Background<br>information|||
|Report ofthe committee|||
|Report ofthe trustees|||
|Statement ofFinancial Activities|||
|Balance Sheet|||
|Notes to the accounts||7-13|
|Independent<br>Examiner's|Report|14|





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|STATEMEN|T OF FINANCIAL ACT|IVITIES||||YEAR TO 3|1 DECEMB|ER 2021|
|---|---|---|---|---|---|---|---|---|
|||||Restricted|||||
||||Unrestricted|Income||Endowment|Total|Total|
||||Funds<br>E|Funds|E|Funds f|2021|2020f|
|INCOME AND|ENDOWMENTS FROM:-|(Note 5)|||||||
|Regular<br>giving|by worshippers||20,544||||20,544|18,293|
|Donations<br>and|legacies||1,077||847||1,924|4,802|
|Use offacilities|by church groups||1,675||||1,675|2,351|
|Use offacilites|by outside groups||5,733||||5,733|4,804|
|Other trading<br>activities|||340||||340|1,294|
|Investments|||15,864|||847|16,711|17,298|
|Other - including<br>Gift Aid tax recoverable|||4,689||||4,689|5,012|
|Total|||49,922||847|847|51,616|53,854|
|EXPENDITURE ON:- (Note 6)|||||||||
|Worship, witness and teaching|||9,414||||9,414|3,886|
|Cultural,<br>social|and recreational||4,626||||4,626|2,223|
|Property costs|||18,382||||19,229|26,023|
|Management<br>and administration|||23,482||||23,482|16,051|
|Donations|General donations||100||||100|3148|
||Ex Harvest & Investment|Income|8,000||||8,000|6,245|
||Christian<br>Aid||400||587||987|400|
||Black Country Food Bank||0||260||260|0|
||From Shoppers Coffee||0||||0|350|
||By other sub-groups||0||||0|389|
|Total|||64,404||847|847|66,098|58, 7'/5|
|Net gains/(losses)<br>on investments|||12,652|8,375||9,064|30,091|6,534|
|Net income/fexpenditure<br>J|||-1,830|8,375||9,064|15,609|1,673|
|Transfers<br>between funds|||||||||
|Net movement|in funds||-1,830|8,375||9,064|15,609|1,673|
|Total funds brought forward|||499,300|144,625||60,770|704,695|703,022|
|Total funds carried forward|||497,470|153,000||69,834|720,304|704 695|





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|BALANCE SHE|ET|||||3|1 DECEMB|ER 2021|
|---|---|---|---|---|---|---|---|---|
||||||Restricted||||
|||||Unrestricted|Income|Endowment|Total|Total|
|||||Funds|Funds|Funds|2021|2020|
|FIXEDASSETS||||K|F||E||
|Tangible assets|||||||||
|Freehold<br>land and|buildings|(Note 9)||67,313|||67,313|67,313|
|Organ, furnishings|and equipment||(Note 10)|71,200|||71,200|71,200|
|Investments<br>(Note|11)||||||||
|Trustees|||||153,000|69,834|222,833|205,395|
|General||||332,127|||332,127|330,561|
|Organ||||1,680|||1,680|1,108|
|Total fixed assets||||472,320|153,000|69,834|695,154|675,577|
|CURRENT ASSETS|||||||||
|Debtors (Note 12)||||6,842|||6,842|6,556|
|Cash at bank and in|hand (Note 13)|||24,916|||24,916|27,472|
|Total current assets||||31,758||0|31,758|34,028|
|Creditors: amounts|falling due within||||||||
|one year (Note|14)|||6,608|||6,608|4,910|
|Net current assets||||25,150|0|0|25,150|29,118|
|Total net assets||||497,470|153,000|69,834|720,304|704,695|
|THE FUNDS OF THE CHARITY (Note 15)|||||||||
|Endowment<br>funds||||||69,834|69,834|60,770|
|Unrestricted<br>funds-designated||Organ|fund|1,680|||1,680|1,108|
|Unrestricted<br>funds||||495,790|||495,790|498,192|
|Restricted<br>income funds|||||153,000||153,000|144,625|
|Total funds||||497,470|153,000|69,834|720,304|704 695|





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|7|Details ofcertain items ofexpenditure||||||||
|7.1|Trustees expenses||||||||
||Number<br>oftrustees who were paid expenses||||||2|2|
||Telephone<br>and broadband||||||172|299|
||Mileage||||||139|515|
|7.2|With the exception ofthe two named|committee||members,||no member|received any remuneration||
||from the Church.||||||||
||During the year Mrs. KJohnson received 65,080||||(2020:K4,780)for her||duties as a cleaner, and|Mrs. S|
||Millington<br>the wife of member C. Millington,||received 69,580(2020:68,595)for her duties||||||
||as an administrative<br>assistant||||||||
|7.3|Fees for the examination<br>ofthe accounts||||||||
||Independent<br>examiner's fees for reporting||on the||accounts||3,120|3,250|
||Other fees - payroll costs and gift aid|claim|||||1,083|744|
|8|Paid Employees||||||||
|8.1|Staff costs||||||||
||Gross wages and salaries- admin<br>and|cleaning|||||14,660|13,375|
|8.2|Average<br>number<br>of full-time<br>equivalent|employees|||in the year||1|1|
|9|Freehold<br>land and buildings||||||||
||At1 January<br>and 31 December 2020||||||67,313|67,313|
|10|Organ, furnishings<br>and equipment||||||||
||At 1 January 2021||||||71,200|60,352|
||Additions||||||0|10,848|
||At 31 December 2021||||||71,200|71,200|





## 

|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|NOTES TO THE ACCOUNTS|||||31 DECEMBER 2021|31 DECEMBER 2021|
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||K||
|11|Investments||||||||
|11.1|In respect of Endowment|||Funds|||||
||Quoted at valuation||||||69,964|60,748|
||Held by brokers||||||-187|-35|
||Balance at Co-operative|||Bank|||57|57|
||||||||69,834|60,770|
|11.2|In respect of Income|Funds|||||||
||TRUSTEES INVESTMENTS (see|||||note 1(p)on page 8)|||
||Quoted at valuation||||||144,317|143,037|
||Held by brokers||||||8,659|1,565|
||Balance at Co-operative|||Bank|||24|24|
||||||||153,000|144,625|
|11.3|In respect of General|Unrestricted||||Funds|||
||OTHER INVESTMENTS||||||||
||Quoted at valuation||||||327,709|318,039|
||Held by brokers||||||-3,053|5,052|
||Balance at Co-operative|||Bank|||7,471|7,470|
||||||||332,127|330,561|
|11.4|In respect of General|Unrestricted||||Funds|||
||ORGAN FUND||||||||
||Quoted at valuation||||||849|850|
||Balance at Co-operative|||Bank|||831|258|
||||||||1,680|1,108|
|12|Debtors||||||||
||Income tax recoverable||under||Gift|Aid|3,500|3,661|
||Payments<br>in advance||||||2,091|1,797|
||Sundry debtors||||||1,251|1,098|
||||||||6,842|6,556|





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|||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|13|Cash at bank and in hand|||||||||||||
|13.1|This is made up as follows:-|||||||||||||
||HFC|current account||||||||||-2,336|-2,657|
|||cash in hand||||||||||14|40|
||Sub-Groups|Bank 8 Building Society accounts||||||||||26,910|29,679|
|||cash in hand||||||||||328|410|
|||||||||||||24,916|27,472|
|13.2|Sub-Group|balances relate to:-||||||||||||
||Badminton|Club|||Shoppers|||Coffee||||||
||Mother &Toddlers Group||||Sunday School|||||||||
||Hand of Friendship<br>Centre||||Tuesday|||Tea Club||||||
|14|Creditors:|All due within one year||||||||||||
||Trade creditors and accruals|||||||||||6,608|4,910|
|15|Funds ofthe Charity|||||||||||||
|15.1|Unrestricted|funds are the general funds ofthe Church|||||which||may be used at||the discretion ofthe|||
||committee/membership<br>for furthering|||the mission|and||ministry||ofthe Church.||The money may be|||
||designated|for particular<br>projects for administration||||purposes|||only.|Designated||funds remain||
||unrestricted|and can be redesignated||ifthe committee/membership||||||so decides.||A designated||
||organ fund|was established|many years ago.|||||||||||
|||||||||||||2021|2020|
|||||||||||||5||
||Organ fund|- part ofGeneral|Fund but designated|||||||||||
||Balance at|1 January||||||||||1,108|1,091|
||Annual<br>transfer from General||fund|||||||||500|0|
||Year's dividends/interest|||||||||||73|0|
||Change<br>in value ofinvestments|||||||||||-1|17|
||Transfer to|General<br>Fund re|purchase|of new organ||||||||0|0|
||Balance at|31 December||||||||||1,680|1,108|





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|SUPPLEMENTARY PAGE|S TO THE ACCOUNTS|||31DECEMBER2021|
|---|---|---|---|---|
|DETAILS OF DONATIONS|MADE||||
|FROM HARVEST AND INVESTMENT INCOME||8|BYSHOPPERS COFFEE||
|Black Country Food Bank||6,000|||
|Christian<br>Aid||500|||
|Bible Society||500|||
|Bamados||500|||
|Kemp Hospice||500|||
|||8,000|||
|FROM SPECIAL AND RETIRING COLLECTIONS||ETC|BYOTHER SUB-GROUPS||
|Christian<br>Aid||587|Mary Stevens Hospice|100|
|Black Country Food Bank||260|||
|||||100|
|AS BUDGETED|||IN MEMORIAM||
|Christian<br>Aid||400|||
|||400|||
||||GRAND TOTAL|9,347|
||||GENERAL FUNDS|8,500|
||||RESTRICTED FUNDS|847|





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## 

|Holding|Number|Number|THIS YEAR|THIS YEAR||Last Year|
|---|---|---|---|---|---|---|
|In res ect of Permanent<br>Endowment|||Base value|Est Yield|Value|Value|
|QUOTED AT VALUATION|||E|'/0*|||
|Jupiter<br>Unit Trust||7,503|5,020|3.66|4,958||
|J P Morgan Asian Investment|Trust|1,235|4,629|3.87|5,558|5,996|
|RIT Capital Partners||700|12,606|1.35|19,215|14,420|
|Rathbone<br>Ethical Unit Trust||4,600|4,992|3.34|4,871||
|Scottish Mortgage<br>Investment|Trust|2,250|2,250|0.27|30,083|40,332|
|VT Gravis Funds||4,600|4,987|4.17|5,279||
||||34,484||69,964|60,748|
|OTHER|||||||
|Held by brokers|||||-187|-35|
|Balance at Co-operative<br>Bank|||||57|57|
||||||69,834|60,770|
|(Base value - cost or probate|value)||||34,484|20,575|
|In res ect of General<br>Fund|||||||
|TRUSTEES INVESTMENTS (see note 2||on page 8)|||||
|QUOT ED AT VALUATION|||||||
|BHP Group|Sold|||||6,063|
|GlaxoSmithKline||495|8,074|3.24|7,952|6,642|
|Henderson<br>DiversiTied<br>Income|Trust|8,850|7,763|5.37|7,257|8,133|
|J P Morgan Asian Investment|Trust|700|2,624|3.87|3,150|3,399|
|J P Morgan<br>China Investment|Trust|3,000|16,649|4.61|14,835||
|JPM Global Growth<br>& Income||4,800|14,914|3.66|22,320|18,504|
|Mercantile<br>Investment<br>Trust||5,950|15,891|2.57|15,946|14,697|
|Murray<br>International<br>Trust|Sold|||||14,382|
|National<br>Grid||944|8,379|4.81|10,003|8,164|
|North American<br>Inc Trust||5,350|16,367|3.80|14,927|13,027|
|Robeco Luxembourg||53|16,311|0.00|15,697||
|Royal Dutch Shell||370|8,502|4.07|6,002|4,659|
|Royal London Sterling Credit||10,913|15,013|3.52|15,693|16,141|
|Segro|Sold|||||18,569|
|Vontobel Asset Management||100|10,087|3.30|10,535|10,657|
||||140,574||144,317|143,037|
|OTHER|||||||
|Held by brokers|||||8,659|1,564|
|Balance at Co-operative<br>Bank|||||24|24|
||||||153,000|144,625|
|(Base value = cost or probate|value)||||140,574|140,102|





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## 

|Holding||Number|THIS YEAR|THIS YEAR||Last Year|
|---|---|---|---|---|---|---|
|In res ectofGeneral<br>Fund|||Base value|Est Yield|Value|Value|
|OTHERINVESTMENTS|||f|%*|E|E|
|QUOTED AT VALUATION|||||||
|AXA Inv Managers<br>Inc Z Fund||17,000|20,250|4.66|19,839|19,176|
|Baillie Gifford US Growth trust||12,850|14,847|0.00|40,092|42,020|
|City of London Investment<br>Trust||2,980|12,675|5.03|11,726|11,026|
|Compass Group||720|11,727|1.42|11,884|9,810|
|GlaxoSmithKline||108|1,762|3.24|1,735|1,449|
|Henderson<br>Diversified<br>Income|Trust|14,050|12,324|5.37|11,521|12,912|
|International<br>Public Partnership||10,653|14,765|4.56|18,089|18,110|
|Jupiter<br>Unit Trust||21,997|14,697|3.66|14,536|14,903|
|Legal &General Group||4,860|12,603|6.29|14,454|12,932|
|JP Morgan Asian Investment|Trust|2,515|9,426|3.87|11,318|12,210|
|Man Asset Man Ireland Strat Bond||17,000|18,995|5.54|17,629|17,743|
|Murray International<br>Trust||Sold||||2,651|
|National<br>Grid||300|2,663|4.81|3,179|2,594|
|North American<br>Inc Trust||500|1,530|3.80|1,395|1,218|
|Rathbone<br>Ethical Unit Trust||14,500|14,925|3.34|15,356|15,911|
|Reckitt Benckiser Group||250|16,294|2.75|15,853|16,350|
|RIT Capital Partners||100|1,801|1.35|2,745|2,060|
|Robeco Luxembourg||12|3,693|0.00|3,554||
|Royal Dutch Shell||69|1,585|4.07|1,119|869|
|Royal London Sterling Credit||3,664|5,041|3.52|5,269|5,419|
|Segro||Sold||||3,979|
|Severn Trent||591|11,044|3.47|17,411|13,522|
|Smurfit Kappa Group||725|14,650|2.64|29,544|24,897|
|T R Property<br>Investment<br>Trust||4,717|11,254|2.94|23,302|19,458|
|Unilever||370|16,298|3.66|14,597|16,247|
|VT Gravis Funds||14,200|15,369|4.17|16,294|15,244|
|Vontobel Asset Management||50|5,044|3.30|5,268|5,329|
||||265,262||327,709|318,039|
|OTHER - Held by brokers|||||-3,053|5,051|
|Co-operative<br>Bank|||||7,471|7,471|
||||||332,127|330,561|
|(Base value = cost or probate|value)||||265,262|261,561|
|In res ect of General<br>Fund|||||||
|ORGAN FUND|||||||
|QUOTED AT VALUATION|||||||
|International<br>Public Partnership||500|693|4.56|849|850|
|OTHER - Co-operative<br>Bank|||||831|258|
||||||1,680|1,108|
|(Base value =cost or probate|value)||||693|693|